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Charlestons Economic Growth Predicted to Out Pace the USA through at Least 2017

Posted By steve smith @ Aug 8th 2016 3:36pm In: Charleston Real Estate

According to today's article in the Charleston Post and Courier, thriving development in Charleston and the Upstate, South Carolina’s economic Boeing Co. assembles the 787 Dreamliner at its North Charleston factory, a driving force in the growing economy of Charleston and the state, economists at Wells Fargo Securities say.growth is expected to outpace the nation’s through 2017 and add 110,000 jobs by the end of next year.

The Palmetto State, with its growing industrial might and diversified base, should see economic growth of 3.6 percent this year and 3.8 percent in 2017, Wells Fargo Securities economists Mark Vitner and Misa Batcheller said in a recent report.

Recent reports show that over 43 people a day are moving into the Charleston Metro Region and that over 300,000 new residents will be living in the tri-county area in the next ten years.  Economic expansion fueled by growth with Boeing, the new Ports Authority maritime terminals, Mercedes Benz, Volvo and their subsuppliers are just part of the expansion.

Click here to read more of today's Post and Courier article.

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